BGEO Group PLC (the “Group” or “BGEO”), announces that the Group’s real estate subsidiary, m2 Real Estate (“m2” or the “Company”), has signed its first major third-party construction contract. m2has been awarded the contract to construct the shell and core of a new shopping mall and business centre located in Tbilisi’s Saburtalo district (the “Project”). The Company’s construction arm plans to carry out construction works over the sixteen months following the planned Project commencement in January 2018. The total value of the contract, which covers construction management services and the Project costs, is $11.6 million.
